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126
Feb 19, 2013
02/13
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that's a large percentage of the u.s. housing potential, very critical for us, especially with our timberlands in the pacific northwest. and then, you know, rolling into the first of the year we always talk about housing sales in january being slow until after the super bowl, but before the super bowl our sales were up we reported about 125% year over year in the first of the year. >> can you comment at all on what your material cost, the what the cost of lumber is and how quickly it accelerated? it seemed to be one of the head winds cited in today's survey. >> lumber has moved up quickly. all materials costs have some element of inflation pressure, you know. our concern in the market today is cost pressure, not just from lumber but other building materials. but most importantly, land costs. so, you know, there was a lot of excess supply of land and vacant lots, especially developed lots during the recession. that supply is dwindling very quickly and so there's tightness in the land market and that puts upward pressure on
that's a large percentage of the u.s. housing potential, very critical for us, especially with our timberlands in the pacific northwest. and then, you know, rolling into the first of the year we always talk about housing sales in january being slow until after the super bowl, but before the super bowl our sales were up we reported about 125% year over year in the first of the year. >> can you comment at all on what your material cost, the what the cost of lumber is and how quickly it...
24
24
Feb 21, 2013
02/13
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be in u.s. . stocks provide a yield of less than 2%, which historically is towards the low end of the long-term historical range. sure it's a lot better than it was 12 years ago but it's pretty anemic. secondly, profits are a larger share of gdp than they've been any time historically since 1929 and wages are the lowest share of gdp since 1937. so put those together and rising earnings from these levels would be a formula for occupy wall street to suddenly become a mainstream movement. >> what's the trade right now? you brought some heat, right, with your thoughts to get out of u.s. stocks, then shine some light on people. to be?o they need >> sure, sure. there's always something invest in. to faced what i call a 3d deficits down? ef mer emerging markets debt has better debt coverage ratios and yet they pay a much higher yield. yield 70 basis points more than u.s. stocks. in an efficient market that would mean their growth rate must be 70 basis points slower. well, i don't think that's going to ha
be in u.s. . stocks provide a yield of less than 2%, which historically is towards the low end of the long-term historical range. sure it's a lot better than it was 12 years ago but it's pretty anemic. secondly, profits are a larger share of gdp than they've been any time historically since 1929 and wages are the lowest share of gdp since 1937. so put those together and rising earnings from these levels would be a formula for occupy wall street to suddenly become a mainstream movement. >>...
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36
Feb 5, 2013
02/13
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a lot of institutions are 2k3we9ing sick of the u.s. automakers and are going to toyota. >> i can see it in the monitors. >> and i'll -- hmc, honda motor corp, like that one again because of the yen. >> grasso, thank you. >> good day, guys. >> let's look at the biggest pops and drops. >> this is a quiet little $19 billion stock, no one seems to talk about much, earnings up 17% early this quarter. and what's interesting is technically it's breaking above this $29, $30 resistance area. >> arch and coal. this is a horrible coal name. >> estee lauder is popping today. >> estee lauder came out with earnings, they're trading at an all-time high, one thing to focus is the ceo said luxury divisions are all moving higher the overall economy. >> the justice basically saying wire fraud, mail fraud, any kind of fraud based on how they assess those assets back in 2008 and behind. i was trading this one aggressively today, it's not in the options, it's all in the stork. >> what were you doing? >> i bought it and sold it a couple of times today becaus
a lot of institutions are 2k3we9ing sick of the u.s. automakers and are going to toyota. >> i can see it in the monitors. >> and i'll -- hmc, honda motor corp, like that one again because of the yen. >> grasso, thank you. >> good day, guys. >> let's look at the biggest pops and drops. >> this is a quiet little $19 billion stock, no one seems to talk about much, earnings up 17% early this quarter. and what's interesting is technically it's breaking above this...
113
113
Feb 26, 2013
02/13
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for example, even though u.s. banks are stronger financially than european banks, frequently u.s. banks have wider credit default swap spreads indicating a higher probability of actual failure because the differences between u.s. and europe in terms of perceived government support. so, that is -- that's the process. that's the plan. there have been additional ideas such as, you know, separate -- essentially doing glass/steagall again, separating the commercial banking and investment banking activities. we're doing that to some extent, for example, with the volcker rule, but i don't think that glass/steagall by itself really would be all that helpful because after all in the crisis some of the firms that failed were straight investment banks and some of the firms that were in trouble were straight commercial banks. so, i'm open to discussing additional measures, but the plan is to impose costs on the largest banks to make them internalize their systemic imprint to develop a liquidation authority and to strengthen the overall system and over time that ought to improve the situation.
for example, even though u.s. banks are stronger financially than european banks, frequently u.s. banks have wider credit default swap spreads indicating a higher probability of actual failure because the differences between u.s. and europe in terms of perceived government support. so, that is -- that's the process. that's the plan. there have been additional ideas such as, you know, separate -- essentially doing glass/steagall again, separating the commercial banking and investment banking...
70
70
Feb 8, 2013
02/13
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eye 70
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over in asia, though, the u.s. getting a little bit of a pick-up. >> and there was some commentary asia might pick up even as the u.s. market picks up. underneath the hood, didn't look so bad. probably worth a trade on the long side. i don't think it makes new highs by any means. but worth a fast money trade. >> any buys on the desk on mcdonald's here? >> i happen to like it. but i think you can hold off and see if you can get it more like 90 rather than 95. but when you get this stock in particular, getting bad news as they got clearly with this 1.9 drop and it doesn't go down, it tells you a lot about -- >> this is the third quarter in a row -- >> tells you a lot about the weak hands washed out already. >> the buyers come in on bad news. they come in on good news. they want to own this name. they want the dividend. they want the stability. they like the global exposure. it's really hard for the stock to go down. >> if you're considering buying gold, you may want to think twice. cnbc's kate kelly joins us with a w
over in asia, though, the u.s. getting a little bit of a pick-up. >> and there was some commentary asia might pick up even as the u.s. market picks up. underneath the hood, didn't look so bad. probably worth a trade on the long side. i don't think it makes new highs by any means. but worth a fast money trade. >> any buys on the desk on mcdonald's here? >> i happen to like it. but i think you can hold off and see if you can get it more like 90 rather than 95. but when you get...
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69
Feb 4, 2013
02/13
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or wasn't going to mean for the u.s., then you have the fed come out in december and say they would buy $45 million in treasuries out again and gold price came down $150 bucks. >> tom, thanks so much. we will do final trades after this short break. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. an
or wasn't going to mean for the u.s., then you have the fed come out in december and say they would buy $45 million in treasuries out again and gold price came down $150 bucks. >> tom, thanks so much. we will do final trades after this short break. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain...
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56
Feb 1, 2013
02/13
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for example, if you were to go to the u.s. mint website you would find out that people are buying as many dollars of silver as gold. that means they're buying 50 times more physical silver than gold. >> right. >> it's only produced 11 to 1. there's 11 ounces more. for investment purposes, a lot of silver is used for industrial uses, there is only three times as much silver to buy versus gold for investment. >> thanks very much for joining us. scotty, from what is now becoming a very hot palm beach as you see here, back to you. >> beautiful live shot there. thanks so much for bringing that great interview to us. eric sprott thanks to you as well for coming on our show today. coming up on halftime the clash of the titans. one week later. we'll look back at the tale of the herbalife tape. the company is stuck in the middle of this very heated battle. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. stand
for example, if you were to go to the u.s. mint website you would find out that people are buying as many dollars of silver as gold. that means they're buying 50 times more physical silver than gold. >> right. >> it's only produced 11 to 1. there's 11 ounces more. for investment purposes, a lot of silver is used for industrial uses, there is only three times as much silver to buy versus gold for investment. >> thanks very much for joining us. scotty, from what is now becoming...
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46
Feb 6, 2013
02/13
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>> they have to meet quarterly numbers under u.s. law to be a security to trade. that's what's killing them. they can't make the big spend without the street saying forget it, they're doing a jcpenney here. all in bet. >> distinguishing between a stock and company. the company can survive better because they won't be refer vaged like they will be after the deal. if you bring hewlett-packard, the last i looked at public holdings, that was a good position. i don't think the stock goes higher without competing. >> if you bought the stock, right, somebody watching the show, probably more than one has held dell some time. maybe they bought it five or ten years ago. they sat and watched the stock go down and now dell wants to take the company private at that price. >> sold with both hands. >> in the past, it's not where you've got it where the market revalues security on fundamentals right now. >> for the guy riding the stock down. >> you're an angry person if you invested with michael dell other than your 2% dividend he hasn't ne a for you but the last six months. you'
>> they have to meet quarterly numbers under u.s. law to be a security to trade. that's what's killing them. they can't make the big spend without the street saying forget it, they're doing a jcpenney here. all in bet. >> distinguishing between a stock and company. the company can survive better because they won't be refer vaged like they will be after the deal. if you bring hewlett-packard, the last i looked at public holdings, that was a good position. i don't think the stock goes...
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39
Feb 7, 2013
02/13
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by the way, this is not just a u.s. story. very important. 70% of their new member growth in the last quarter came from overseas. >> josh, it's expensive. it buying stocks and trading. >> this is the internet sector. can't talk about value in this sector. >> let's join on linked in and carry on the conversation. >> no, no. >> all right. the gavel comes down. doc, who made the more compelling argument? >> i'll tell you what the options players are saying right now. i think that was a decent argument, you guys. >> that sounds like a cop-out. >> it's a huge cop-out, but they're selling the 130s, 135s, and 140 calls. nobody thinks it's going up more than $7 from the 123 it's already at. >> let's get to kate kelly who has news on s.e.c. >> there's been a lot of speculation going into the redemption deadline for sac capital as to whether they're going to lose capital from the ongoing legal issues they're facing. but from my understanding, there's no way they're going to lose more than $1 billion and considerably less. one is their g
by the way, this is not just a u.s. story. very important. 70% of their new member growth in the last quarter came from overseas. >> josh, it's expensive. it buying stocks and trading. >> this is the internet sector. can't talk about value in this sector. >> let's join on linked in and carry on the conversation. >> no, no. >> all right. the gavel comes down. doc, who made the more compelling argument? >> i'll tell you what the options players are saying right...
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114
Feb 25, 2013
02/13
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eye 114
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>> i mean the issues in italy obviously are affecting the u.s. markets and it means that we could see volatility over the short to medium term. if for example there is a deadlock and they are unable to actually form a government, then we could see elections delayed until further down the line which means, again, this whole issue could resurface and volatility could continue. but again, it provides attractive entry points along the way for investors that have a longer term time horizon to drip money back in. but it is a concern. it is a concern because as we mentioned, there's potential political deadlock, potentially a shaky coalition, or even if the market gets what it wants, which there is still concern over the commitment to reforms and how they'll be implemented. again we could see volatility. but obviously as a lot of the audience are very much focused on trading, these provide very interesting trading opportunities. >> thanks so much, as always. >> thank you. >>> josh brown, quickly. you sort of are rolling your eyes as we're worried about
>> i mean the issues in italy obviously are affecting the u.s. markets and it means that we could see volatility over the short to medium term. if for example there is a deadlock and they are unable to actually form a government, then we could see elections delayed until further down the line which means, again, this whole issue could resurface and volatility could continue. but again, it provides attractive entry points along the way for investors that have a longer term time horizon to...
541
541
Feb 13, 2013
02/13
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eye 541
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are sensitive to that reversal because you're seeing equity markets pull back, it's going to lift the u.s. stock so you have to watch the euro currency here. the one place i would not leave is the financial, i'd stay with those. >> virtual dr. j. i feel like you're sitting with me. >> right here next to these guys. >> what are you doing today? >> well, joe talked about financials just now and i agree, it's been a very narrow range in the financials so far but they are still in positive territory. so unless we give up leadership there, michelle, then i think we're okay. to the tlt side it was interesting i thought to see it slide down beneath 1.16, the barclays etf that tracks that and slid below at 1.16, and this index has been under pressure as money comes out of the bonds i think it will continue to come out of them and i think those go lower still. >> josh you were saying we were right for a pullback. why? what is the story? >> something called the revelive strength index when you look at it for the whole globe, every market around the world, right now reading 64. ubs had a note this m
are sensitive to that reversal because you're seeing equity markets pull back, it's going to lift the u.s. stock so you have to watch the euro currency here. the one place i would not leave is the financial, i'd stay with those. >> virtual dr. j. i feel like you're sitting with me. >> right here next to these guys. >> what are you doing today? >> well, joe talked about financials just now and i agree, it's been a very narrow range in the financials so far but they are...
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61
Feb 27, 2013
02/13
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i like u.s. equities, i like emerging market equities and if you're going to be in thick income, be on the credit side. i look at what zbois going on i the united states with corporate america sitting there with a cash on their balance sheets and think we're poised to do well for the next couple of years. >> why do you see growth improving overseas? we know china may be coming back but they're flooding their system with the shadow banking, so their leverage increased dramatically. in europe, the growth has gone the other way. it has declined and worsened there. >> i don't view europe as emerging markets are much more interesting. china, it seems to have stabilized. it had been an area of concern. i don't think it is going to surge tremendously, i think they have it under control which is a plus. i think other parts of the emerging markets are looking pretty corrective as well. >> are you at all worried that italy could upset the view and the direction of the market, at least in the near term? >>
i like u.s. equities, i like emerging market equities and if you're going to be in thick income, be on the credit side. i look at what zbois going on i the united states with corporate america sitting there with a cash on their balance sheets and think we're poised to do well for the next couple of years. >> why do you see growth improving overseas? we know china may be coming back but they're flooding their system with the shadow banking, so their leverage increased dramatically. in...
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60
Feb 22, 2013
02/13
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of course this suit, the government has the basis because the u.s. postal service sponsored lance armstrong. there are tons of questions about this allegation of defrauding the federal government because of this. there are statute of limitations issues. is he open to more lawsuits after this? this is not a huge shock necessarily but it is a surprise because it opens up a huge can of worms and the government would not go after him if they didn't think they had a case at this point in time. >> a bombshell development regarding a story that people probably thought was in its closing chapters. so many of his endorsers have already cut ties. i wonder if there's any lingering effect to a company that hasn't quite made that divorce clean. >> his net worth is claimed to be about $125 million. i guess your point is a good one because you would figure when he went on "oprah," he had everything lawyered to the gills. it's going to get uglier with this case. back to you. >> big story in the world of sports and beyond. brian, thank you for that. that does it for
of course this suit, the government has the basis because the u.s. postal service sponsored lance armstrong. there are tons of questions about this allegation of defrauding the federal government because of this. there are statute of limitations issues. is he open to more lawsuits after this? this is not a huge shock necessarily but it is a surprise because it opens up a huge can of worms and the government would not go after him if they didn't think they had a case at this point in time....